Post-Election Confidence Boost Kicks In In the wake of the March presidential elections, the economic outlook for Kenya looks encouraging. The fact that the elections passed off without major violence or disruption – which had been widely feared – has provided a boost for business and investor confidence. Meanwhile, inflation is trending down, the currency is stable, and interest rates are falling. While export demand from Europe remains muted, the outlook for the country’s nearby African trading partners is much more encouraging. We are now forecasting that GDP growth will pick up from 4.2% in 2012 to 5.7% in 2013. …
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